Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: P

POLICE COURT A

the term for a lower court that will hear and try minor misdemeanors and offenses and has a limited jurisdiction.

PATIENT CONSENT

the name that is given to the permission by a patient to a physician to carry out treatment.

PARENTHESES

term that describes the marks of punctuation that are curved lines, (), used to insert a phrase, word or clause in the middle of a sentence.

PERFECTING TRANSFER

the term that is used for the completion of the transfer of assets in a case for bankruptcy.

POCKET VETO

vetoing of a bill by an executive by not acting in the time given by law.

POLYGRAPH

1. A device to detect lies. 2. A machine that copies documents.

PARAMOUNT TITLE

the name of the title that is the claim to the ownership of property that is better than any other sort of claim to the title.

PRORATING CLAIMS

this is the distribution of assets to the creditors in equal status in relation to the size of their claims.

POLICY ENDOWMENT

the name of a life insurance policy that will pay money to the insured after a period of time has elapsed. See insurance, life.

PIMP

the name that describes a person who procures prostitutes for the people.

PURCHASE PRICE

the price that has been agreed upon by owner and buyer for the transferring of a property.

PLURALITY OF TRUST

A situation where a person makes more than one trust in a single document but the same person is trustee to them all.

PRIVATE WRONG

a wrong that has been committed against one or a few people and not one committed against the entire community.

PEER

a term that means your equal.

POOLING

A term for the mingling of funds to invest in securities.

PAPER PROFIT

the term that is given to the gains that are evident on a financial statement but are not converted to cash for the purposes of taxation.

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